Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h −0.113%
Price spread now: Variational Omni against Kraken Futures+0.227%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.217%−$22 on $10k
Price spread, last 3 days (all we have)−0.370%−$37 · spread now +0.227%, 7d avg −0.002%
Together, before fees−0.587%+ Points / potential airdropVariational Omni: Active · farm board−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Variational Omni is 0.230% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD307.450.0172pay 0.0021% / 1h40m 00s$5.5M$20.4M50x
ShortVariational Omni TAO308.150.0734get 0.0367% / 4h2h 40m$5.3M$8.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$117.96
Price spread: +0.227% → −0.002%
$22.97
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$130.93
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago8.40 bp15.8 bp −$1625.7 bp −$257102.8 bp −$10.3Kdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago2.88 bpdoesn't fit23.6 bp −$236doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h307.32−0.041%$123K$87K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h306.43−0.331%$12K150xas long as short
Popdex TAOUSDT+0.0096%1h306.80−0.211%$45K$606K20xas long as short
Binance TAOUSDT+0.0100%4h307.49+0.013%$88.7M$460.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.70+0.082%$25.2M$108.2M50xas long as short
Gate TAO_USDT+0.0100%4h307.40−0.016%$12.5M$49.7M50xas long as short
MEXC TAO_USDT+0.0100%4h307.74+0.095%$103.2M$137.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h307.70+0.082%$17.9M$30.0M75xas long as short
Bitget TAOUSDT+0.0100%4h307.55+0.033%$34.4M$53.1M50xas long as short
edgeX TAOUSDC+0.0100%4h309.15+0.552%$34K$298K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TAO_USDT_Perp+0.0100%4h309.02+0.512%$515K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h309.11+0.540%$46K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h307.02−0.139%$56K$283K10xas long as short
SunX TAO-USDT+0.0100%4h307.13−0.104%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h307.33−0.039%$126K$471K20xas long as short
Aevo TAO-PERP+0.0104%1h307.33−0.039%$169K$9983xas long as short
Katana Perps TAO-USD+0.0116%8h307.02−0.139%$688$680K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0170% / S +0.0102%1h306.38−0.349%$412K100xas long as short
Aster TAOUSDT+0.0170%4h307.32−0.043%$1.2M$9.2M50xas long as short
Kraken Futures PF_TAOUSDlong+0.0172%1h307.45long leg$5.5M$20.4M50x
Polymarket Perps TAO-USD+0.0206%1h306.64−0.263%$76K$643K5xas long as short
Bullet TAO-USD+0.0218%1h306.70−0.245%$12K$17K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0224%1h307.18−0.088%$15K$1.5M25xas long as short
Paradex TAO-USD-PERP+0.0275%8h307.24−0.068%$14K$1K10xas long as short
Pacifica TAO+0.0285%1h307.43−0.005%$363K$378K10xas long as short
Arcus TAO-USD+0.0337%1h307.49+0.013%$81K$551K5xas long as short
BloFin TAO-USDT+0.0340%4h311.16+1.207%$4.4M$10.7M100xas long as short
Injective TAO/USDC PERP+0.0470%1h315.63+2.661%$23K$2K12xas long as short
Phoenix TAO+0.0588%1h308.80+0.440%$323K$681K5xas long as short
Nado TAO-PERP+0.0591%1h306.54−0.296%$746K$2.1M10xas long as short
Phemex TAOUSDT+0.0639%4h307.50+0.017%$3.3M$8.0M50xas long as short
01 Exchange TAOUSD+0.0640%1h307.16−0.094%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0696%1h306.58−0.283%$35320xas long as short
Variational Omni TAOshort+0.0734%4h308.15+0.227%$5.3M$8.9M
BingX TAO-USDT+0.0736%4h307.74+0.095%$31.0Mas long as short
Bybit TAOUSDT+0.0774%4h307.85+0.131%$62.8M$135.7M50xas long as short
Backpack TAO_USDC_PERP+0.0841%1h307.80+0.114%$311K$814K10xas long as short
Extended TAO-USD+0.0952%1h307.29−0.053%$880K$2.4M25xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h307.35−0.032%$1.4M$6.2M50xas long as short
RISEx TAO/USDC+0.1132%1h307.17−0.092%$409K$604K5xas long as short
Hyperliquid TAO+0.1248%1h307.92+0.153%$97.3M$93.4M5xas long as short
Lighter TAO+0.1360%1h308.23+0.252%$1.6M$6.0M5xas long as short
Bulk TAO-USD+0.3743%1h312.40+1.610%$166K$40K10xas long as short